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Home Cryptocurrencies Stablecoins

List of All Stablecoins
February 2024

Stablecoins are coins that are designed to track the value of a non-crypto asset. Many stablecoins are designed to track the US Dollar. Stablecoins also exist that track other fiat currencies such as the Euro, whilst other stablecoins track the price of physical assets such as gold.
Symbol Coin Name Price 7 Day Chart Highest CeFi Yield Highest DeFi Yield
Tether logo USDT
Tether USDt
$1.00
-0.1% arrow up arrow down 24 Hr
8%
APR
2.89%
APY
USD Coin logo USDC
USDC
$1.00
-0% arrow up arrow down 24 Hr
8%
APY
0.25%
APY
Dai logo DAI
Dai
$1.00
0.1% arrow up arrow down 24 Hr
8%
APR
2.64%
APY
First Digital USD logo FDUSD
First Digital USD
$1.00
0% arrow up arrow down 24 Hr
TrueUSD logo TUSD
TrueUSD
$0.97
0.1% arrow up arrow down 24 Hr
8%
APR
11.8%
APY
USDD logo USDD
USDD
$1.00
0% arrow up arrow down 24 Hr
PayPal USD logo PYUSD
PayPal USD
$1.00
0% arrow up arrow down 24 Hr
Frax logo FRAX
Frax
$1.00
0.1% arrow up arrow down 24 Hr
1.08%
APY
USDe
Ethena USDe
$1.00
0% arrow up arrow down 24 Hr
USTC
TerraClassicUSD
$0.03
1.4% arrow up arrow down 24 Hr
14%
APR
USDP
Pax Dollar
$1.00
-0.1% arrow up arrow down 24 Hr
8%
APR
USDJ
USDJ
$1.10
0.2% arrow up arrow down 24 Hr
LUSD
Liquity USD
$1.00
0.1% arrow up arrow down 24 Hr
GUSD
Gemini Dollar
$1.00
-0% arrow up arrow down 24 Hr
EURS
STASIS EURO
$1.09
-0.6% arrow up arrow down 24 Hr
8%
APR
vUSDC
Venus USDC
$0.02
-0% arrow up arrow down 24 Hr
USDX
USDX [Kava]
$0.90
-0.2% arrow up arrow down 24 Hr
BUSD
BUSD
$1.00
-0% arrow up arrow down 24 Hr
8%
APR
AEUR
Anchored Coins AEUR
$1.09
0% arrow up arrow down 24 Hr
QC
Qcash
$0.08
-4.6% arrow up arrow down 24 Hr
vBUSD
Venus BUSD
$0.02
-0% arrow up arrow down 24 Hr
SUSD
sUSD
$1.00
-0% arrow up arrow down 24 Hr
SBD
Steem Dollars
$4.22
-1.6% arrow up arrow down 24 Hr
EURC
EURC
$1.08
0% arrow up arrow down 24 Hr
RSV
Reserve
$1.59
-73.5% arrow up arrow down 24 Hr
KRT
TerraKRW
$0.000602
1.5% arrow up arrow down 24 Hr
EURt
Tether EURt
$1.08
-0.5% arrow up arrow down 24 Hr
CUSD
Celo Dollar
$1.00
0.4% arrow up arrow down 24 Hr
vUSDT
Venus USDT
$0.02
0.1% arrow up arrow down 24 Hr
XSGD
XSGD
$0.75
-0.1% arrow up arrow down 24 Hr
USDK
USDK
$0.90
-1.1% arrow up arrow down 24 Hr
ZUSD
ZUSD
$1.00
0.6% arrow up arrow down 24 Hr
USDV
Verified USD
$1.00
0% arrow up arrow down 24 Hr
BIDR
BIDR
$6.36E-5
-0.3% arrow up arrow down 24 Hr
1.99%
APY
GYEN
GYEN
$0.00665
-0.7% arrow up arrow down 24 Hr
FEI
Fei USD
$0.98
-2.5% arrow up arrow down 24 Hr
0.02%
APY
OUSD
Origin Dollar
$1.00
-0.4% arrow up arrow down 24 Hr
IDRT
Rupiah Token
$6.39E-5
1.3% arrow up arrow down 24 Hr
CEUR
Celo Euro
$1.09
0.8% arrow up arrow down 24 Hr
HUSD
HUSD
$0.04
-0.1% arrow up arrow down 24 Hr
8%
APR
vDAI
Venus DAI
$0.02
-0.1% arrow up arrow down 24 Hr
VAI
Vai
$0.99
0.3% arrow up arrow down 24 Hr
6.27%
APY
DJED
Djed
$1.00
0% arrow up arrow down 24 Hr
VEUR
VNX Euro
$1.08
0% arrow up arrow down 24 Hr
VCHF
VNX Swiss Franc
$1.14
0% arrow up arrow down 24 Hr
EOSDT
EOSDT
$0.43
-0.2% arrow up arrow down 24 Hr
USDS
Stably USD
$1.00
0.3% arrow up arrow down 24 Hr
BAC
Basis Cash
$0.00487
0.3% arrow up arrow down 24 Hr
ESD
Empty Set Dollar
$0.00053
0.4% arrow up arrow down 24 Hr
IDRX
IDRX
$6.61E-5
0% arrow up arrow down 24 Hr
HGT
HelloGold
$0.000886
0% arrow up arrow down 24 Hr
ITL
Italian Lira
$1.65E-6
0.6% arrow up arrow down 24 Hr
lisUSD
lisUSD
$0.99
0% arrow up arrow down 24 Hr
ZEPH
Zephyr Protocol
$21.01
0% arrow up arrow down 24 Hr
USDZ
ZEDXION
$1.00
0% arrow up arrow down 24 Hr
USNBT
NuBits
$0.00366
0% arrow up arrow down 24 Hr
USDP
USDP Stablecoin
$1.00
-0% arrow up arrow down 24 Hr
AGEUR
Angle Protocol
$1.08
-0.6% arrow up arrow down 24 Hr
GHO
GHO
$0.99
0% arrow up arrow down 24 Hr
DOLA
DOLA
$1.00
0% arrow up arrow down 24 Hr
BRZ
Brazilian Digital Token
$0.20
22.1% arrow up arrow down 24 Hr
AMAPT
Amnis Finance
$9.19
0% arrow up arrow down 24 Hr
USDH
USDH
$0.93
0% arrow up arrow down 24 Hr
MIM
Magic Internet Money
$1.00
0.1% arrow up arrow down 24 Hr
xDAI
xDAI
$1.05
-0.1% arrow up arrow down 24 Hr
FXD
Fathom Dollar
$1.00
0% arrow up arrow down 24 Hr
DUSD
DefiDollar
$0.64
8.3% arrow up arrow down 24 Hr
USDs
Sperax USD
$1.00
-0.3% arrow up arrow down 24 Hr
DUSD
Decentralized USD (DefiChain)
$0.23
0.5% arrow up arrow down 24 Hr
IST
Inter Stable Token
$1.00
0% arrow up arrow down 24 Hr
MIMATIC
MAI
$0.90
0.1% arrow up arrow down 24 Hr
JPYC
JPY Coin
$0.00661
0% arrow up arrow down 24 Hr
MTR
Meter Stable
$1.05
15.1% arrow up arrow down 24 Hr
USX
dForce USD
$1.00
-1.5% arrow up arrow down 24 Hr
ONC
One Cash
$0.11
-3.6% arrow up arrow down 24 Hr
mCUSD
Moola Celo USD
$1.01
-0.6% arrow up arrow down 24 Hr
WUSD
Worldwide USD
$1.00
0% arrow up arrow down 24 Hr
WANUSDT
wanUSDT
$0.99
-0.1% arrow up arrow down 24 Hr
CUSD
Coin98 Dollar
$1.02
0% arrow up arrow down 24 Hr
BKRW
Binance KRW
$0.000889
0% arrow up arrow down 24 Hr
DRAM
DRAM
$1.00
0% arrow up arrow down 24 Hr
mCEUR
Moola Celo EUR
$1.09
-1.7% arrow up arrow down 24 Hr
TRYB
BiLira
$0.03
0.3% arrow up arrow down 24 Hr
TOR
TOR
$0.01
-65.8% arrow up arrow down 24 Hr
SDAI
Savings Dai
$1.16
0% arrow up arrow down 24 Hr
MXNt
Tether MXNt
$0.07
0% arrow up arrow down 24 Hr
MUSD
Mad USD
$0.48
0% arrow up arrow down 24 Hr
FUSD
Fantom USD
$0.27
-0.1% arrow up arrow down 24 Hr
DAI+
Overnight DAI+
$0.99
0% arrow up arrow down 24 Hr
USDL
USDL
$1.07
0% arrow up arrow down 24 Hr
USDS
SpiceUSD
$0.09
0% arrow up arrow down 24 Hr
USDEX
USDEX
$0.00012
0.7% arrow up arrow down 24 Hr
XSTUSD
SORA Synthetic USD
$0.70
0.2% arrow up arrow down 24 Hr
USN
USN
$0.95
0% arrow up arrow down 24 Hr
FLUSD
Fluity USD
$1.04
0% arrow up arrow down 24 Hr
XCHF
CryptoFranc
$1.14
-1.9% arrow up arrow down 24 Hr
JPYC
JPY Coin v1
$0.00712
-0.6% arrow up arrow down 24 Hr
XUSD
xDollar Stablecoin
$1.05
0.2% arrow up arrow down 24 Hr
MONEY
Moremoney USD
$1.01
5.1% arrow up arrow down 24 Hr
PAR
Parallel
$1.01
-0% arrow up arrow down 24 Hr

What are stablecoins?

Stablecoins are cryptocurrencies with stable prices pegged to real-life assets in a 1:1 ratio. They are meant to provide stability in cryptocurrency markets. Even the major cryptocurrencies such as Bitcoin, Ethereum, and BNB prices are highly volatile. It is very usual to see %50 drops or %100 gain in prices.

Why are stablecoins used for?

The biggest advantage of stablecoins is that they can be accepted as a store of value coins. Their prices are stable and you can still earn interest by lending or holding them in a saving account. Crypto saving platforms offer very competitive high rates compared to traditional banks.

The second important advantage of stablecoins is they are used as a medium of exchange. They are very cost-efficient and fast in terms of transferring funds. You can easily transfer money internationally in seconds at a very low cost.

What are the real-life assets with a digital stablecoin?

The USD dollar is the most used fiat currency in the world and its stablecoins are the same in crypto markets. Dollar stablecoins such as USDT, USDC, BUSD, and UST are the most used stablecoins. The first stablecoin is Tether (USDT) which was created back in 2014 and since then there are different types of stablecoins pegged Dollar prices in a 1:1 ratio. There are also other stablecoins pegged to gold, silver, and copper prices. PAXG is the most used gold-pegged stablecoin in the markets.

How many stablecoins are there?

There are tens of stablecoins provided by different companies and platforms. Here are listed the most used stablecoins and their origins.

USDT

USDT is the most widely used stablecoin and was known as Realcoin back in 2014 when it was first created. Tether is created by Brock Pierce with Reeve Collins and Craig Sellars. Brock Pierce is a well know figure in the blockchain industry. He was elected Director of Bitcoin Foundation which is a nonprofit corporation to promote and contribute developments for Bitcoin. He is also one of the founders of the Blockchain Capital with Bart Stephens, Bradford Stephens. Blockchain Capital is the oldest and most active venture capital company investing in blockchain technologies. Brock Pierce told that his involvement in Tether ended in 2015 and it is one of the most important innovations in the blockchain industry. Now, Tethers are created by Tether LTD company based in Hong Kong. USDT stablecoins are created as an Omni layer on Bitcoin, as ERC-20 tokens on the Ethereum network, and the same way on other major blockchains. USDT is the third-largest market cap cryptocurrency after Bitcoin and Ethereum. It is by far the most used stablecoin.

The company is required to hold dollar deposits equal to the amount of USDT they issued. But it is unclear if the company has enough assets to cover %100 of Tethers on the market. The company announced that Tether is %100 backed by multiple assets. The company hasn’t stated itemized explanation of multiple assets they are holding.

USDC

USDC is the second biggest stablecoin and fifth biggest cryptocurrency by market cap after Bitcoin, Ethereum, USDT, and BNB. USDC is created in 2018 by a consortium that was founded by Circle in a corporation with leading cryptocurrency exchange platform Coinbase and Bitcoin mining company Bitmain.

Coinbase is a San Francisco-based and Nasdaq-listed cryptocurrency exchange and financial services company. Coinbase is a well-known authority in the crypto and blockchain industry. The company has raised more than $540M USD in funding.

The company Centre claims to be fully transparent about its USD reserves holdings. Each USDC is backed by one USD. USDC stablecoins are issued under the surveillance of licensed and regulated financial institutions to make sure the company has enough reserve holdings.

BUSD

BUSD is the Dollar pegged stablecoins created by Binance in 2019. Binance is the world’s leading and biggest cryptocurrency exchange platform. Binance created BUSD in a partnership with Paxos. Paxos is a NewYork regulated financial institution and blockchain infrastructure platform. There are 1:1 dollars held in Paxos’ bank accounts as collateral against each BUSD.

BUSD is the 13th biggest cryptocurrency by market cap after Avax, Luna, Doge, and Dot. BUSD is very new in the market compared to USDT and USDC but it is catching up very quickly and increasing its share on the market.

UST

UST is a stablecoin in a different way. There is no regulated, centralized financial institution behind it. UST is decentralized stablecoin created on Ethereum by Terra network. It is an algorithm that always keeps the price of a UST equal to 1 USD.

PAXG

PAXG is a stablecoin pegged to Gold prices. Each Paxg’s price is always equal to the price of an ounce of gold. The creator company holds the equivalent amount of gold in their assets and you can look up the allocated assets by their serial numbers.

Types of Stablecoins

Stablecoins are not issued or controlled by government central banks. They are created by independent companies, institutions, and platforms. There are mainly three types of stablecoins.

Fiat Collateralized or Commodity Backed Stablecoins

Those stablecoins prices are pegged to a real-life asset in a 1:1 ratio in price and the issuer company holds an equivalent amount of real asset for each stablecoins created. USD Dollar is the most used asset for stablecoins. The most used stablecoins are pegged to and backed with the USD Dollar.

Crypto Collateralized Stablecoins Those stablecoins are created as a smart contract and they don’t require a real-life asset to be collateralized. Other cryptocurrencies can be used as collateral. The best example of those coins is DAI stablecoin from MakerDAO. DAI is a stablecoin with a price that is always equal to one USD. The platform MakerDAO creates new DAI stablecoins only against crypto collateral. You can use your crypto funds as collateral on the platform and get your DAIs.

Algorithmic Stablecoins

Algorithmic stablecoins don’t require any crypto or non-crypto collateral. They are not backed by any asset but an algorithm. The underlying algorithm creates a stable value and keeps the price stable by controlling the supply of coins.

Disadvantages of Stablecoins

Stablecoins are created by private third parties. Traditional fiat currencies are issued and controlled by government central banks and they are backed by the country’s sovereignty. Central banks are responsible for protecting the value of their currency. But stablecoins are created independently and they are not regulated well. You will most likely use stablecoins if you are involved in crypto buying, selling, and trading. Choose the most comfortable and safest stablecoin for your convenience.

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Article by Yunis
1 July 2021 (Updated 27 February 2024)
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